OLO (NYSE:OLO - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Tuesday.
Other equities research analysts have also recently issued reports about the company. Piper Sandler reiterated a "neutral" rating and issued a $8.00 target price on shares of OLO in a research note on Wednesday, January 8th. Royal Bank of Canada lifted their price target on OLO from $8.00 to $9.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd.
Read Our Latest Stock Report on OLO
OLO Stock Performance
OLO traded up $0.09 on Tuesday, reaching $6.07. 3,205,041 shares of the company's stock were exchanged, compared to its average volume of 1,320,640. The company's 50 day moving average is $7.22 and its 200-day moving average is $6.38. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -60.64 and a beta of 1.41. OLO has a twelve month low of $4.20 and a twelve month high of $8.35.
OLO (NYSE:OLO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). OLO had a negative net margin of 5.89% and a positive return on equity of 0.34%. The firm had revenue of $76.07 million during the quarter, compared to analyst estimates of $72.76 million. Sell-side analysts forecast that OLO will post -0.03 EPS for the current year.
Hedge Funds Weigh In On OLO
Institutional investors and hedge funds have recently bought and sold shares of the business. Tandem Financial LLC acquired a new position in shares of OLO during the fourth quarter valued at $26,000. Global Retirement Partners LLC bought a new stake in shares of OLO in the fourth quarter worth about $27,000. SBI Securities Co. Ltd. bought a new position in shares of OLO during the fourth quarter worth about $35,000. Envestnet Asset Management Inc. bought a new position in shares of OLO during the fourth quarter worth about $80,000. Finally, Franklin Resources Inc. bought a new position in shares of OLO during the fourth quarter worth about $81,000. Institutional investors and hedge funds own 93.40% of the company's stock.
OLO Company Profile
(
Get Free Report)
Olo, Inc engages in the provision of cloud-based, on-demand commerce platform for multi-location restaurant brands. It enables digital ordering and delivery. The company was founded in 2005 and is headquartered in New York, NY.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider OLO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OLO wasn't on the list.
While OLO currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
